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The Hill: Running out of excuses for high inequality
27 October 2019
If that isn't compelling enough, here is some evidence. In a recent article, Alex Bell, Raj Chetty, Xavier Jaravel, Neviana Petkova and John van Reenan found that higher taxes on the wealthy would not cause a reduction in the number who chose innovative career paths. Instead, what drove them to become innovators had more to do with other factors other than monetary rewards, such as their exposure to innovators at early stages of their lives.